GCM Grosvenor Inc. (NASDAQ:GCMG) Short Interest Update

GCM Grosvenor Inc. (NASDAQ:GCMG) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,311,194 shares, a decrease of 24.7% from the December 15th total of 1,741,694 shares. Based on an average trading volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average trading volume of 539,025 shares, the days-to-cover ratio is currently 2.4 days.

Insiders Place Their Bets

In other GCM Grosvenor news, CFO Pamela L. Bentley sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $11.61, for a total value of $464,400.00. Following the completion of the sale, the chief financial officer owned 43,309 shares in the company, valued at approximately $502,817.49. This trade represents a 48.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 77.30% of the company’s stock.

Institutional Trading of GCM Grosvenor

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC increased its holdings in shares of GCM Grosvenor by 83.6% during the 3rd quarter. CWM LLC now owns 4,199 shares of the company’s stock worth $51,000 after acquiring an additional 1,912 shares during the last quarter. National Bank of Canada FI boosted its position in GCM Grosvenor by 65.5% during the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after purchasing an additional 1,743 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after purchasing an additional 4,362 shares during the last quarter. Quarry LP bought a new position in shares of GCM Grosvenor in the third quarter valued at about $71,000. Finally, Legal & General Group Plc grew its stake in GCM Grosvenor by 96.8% in the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock valued at $100,000 after buying an additional 4,249 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Up 0.4%

NASDAQ:GCMG opened at $11.73 on Tuesday. GCM Grosvenor has a 1 year low of $10.23 and a 1 year high of $14.48. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 41.89 and a beta of 0.80. The stock has a 50-day moving average price of $11.33 and a two-hundred day moving average price of $11.88.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $134.97 million for the quarter, compared to analyst estimates of $126.70 million. GCM Grosvenor had a net margin of 6.23% and a negative return on equity of 246.80%. As a group, equities analysts expect that GCM Grosvenor will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on GCMG. Piper Sandler reduced their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Weiss Ratings lowered shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, GCM Grosvenor presently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.